Loans

Customers, who want to expand their business, can apply loan in G Bank. Loan tenure can be one to three years and loan interest is 10% per annum.

Businessman, Business Owner, Partnership and Limited Companies can apply loans.

Requirements

(A) Documents for borrower

  • NRC Copy
  • Copy of Household Registration
  • Recommendation letter from Ward Administration Office

(B) Financial Statements

  • Profit & Loss Statements and Balance Sheets for the last 3 years
  • Cashflow Statement
  • Receipt of income tax for the last 3 years
  • Investment plan and loans repayment plan

(C) Documents related to business

  • Copy of License
  • Copy of Certificate of Incorporation
  • Meeting minutes with letterhead
  • Company Extract showing shareholder list

(D) Collateral

  • Ownership documents of immovable property such as Land & Building
  • Form 105/106 and other related contract documents
  • Interest rate – 10% per annum
  • Loan tenure – 1 to 3 years

Documents for borrower

  • NRC Copy
  • Copy of Household Registration
  • Recommendation letter from Ward Administration Office
  • Customers can expand their businesses quickly as faster loan processing time

Overdraft

Customers, who need working capital to expand their business, can apply overdraft in G Bank.

Businessman, Business Owner, Partnership and Limited Companies can apply loans.

  • Requirements
    • Customers need to open current account with overdraft facility.
  • Interest rate – 9% per annum on daily used sanction limit
  • Commitment fees – 1% per annum on daily unused sanction limit
  • Loan tenure – 1 year

Documents for borrower

  • NRC Copy
  • Copy of Household Registration
  • Recommendation letter from Ward Administration Office

Customers can get working capital quickly.

Hire Purchase

Customers who wish to buy goods but neither willing nor able to make full payment can apply hire purchase loan. They can buy motorcycles, vehicles and parts at the dealers who are recognized by the bank.

Individuals, Businessman, Business Owner can apply hire purchase loan.

The requirements are as follows.

(A) Documents for borrower

  • NRC Copy
  • Copy of Household Registration
  • Recommendation letter from Ward Administration Office

(B) Financial Statements

  • Profit & Loss Statements and Balance Sheets for the last 3 years
  • Cashflow Statement
  • Receipt of income tax for the last 3 years
  • Investment plan and loans repayment plan

(C) Documents related to business

  • Copy of License
  • Copy of Certificate of Incorporation
  • Meeting minutes with letterhead
  • Company Extract showing shareholder list

(D) Collateral

  • Ownership documents of immovable property such as Land & Building
  • Form 105/106 and other related contract documents

Documents for borrower

  • NRC Copy
  • Copy of Household Registration
  • Recommendation letter from Ward Administration Office
  • Loan tenure – 1 to 3 years
Hire Purchase One Year One Year
Down Payment 30% of Goods 50% of Goods
Interest Rate 9% on financing 9% on financing
Service Charges 1% on financing 1% on financing
Payment Order Fees 0.1% of Goods 0.1% of Goods
  • Customers can make installment monthly and own goods after completion of payment.
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